DTN Daily Basis Comments
Corn, All Wheat Moved to September
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was 6 cents weaker at 5 cents over the September futures contract, while the DTN National Corn Index was down 12 cents at $7.49. The national average basis for soybeans was 2 cents stronger at 28 cents over the August futures contract while the DTN National Soybean Index was up 11 cents at $15.57. The national average basis for hard red winter (HRW) wheat was 1 cent weaker at 46 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was down 20 cents at $9.27. The national average basis for hard red spring (HRS) wheat was 1 cent stronger at 43 cents under the September futures contract while the DTN National Hard Red Spring Wheat Index was down 28 cents at $9.99.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $7.59 | $0.10 | $0.89 | Sep | $0.014 |
Soybeans: | $15.86 | $0.28 | $0.29 | Aug | $0.012 |
SRW Wheat: | $8.61 | $0.18 | -$0.75 | Sep | -$0.007 |
HRW Wheat: | $9.39 | $0.12 | -$0.51 | Sep | $0.002 |
HRS Wheat: | $9.94 | -$0.05 | -$0.46 | Sep | -$0.010 |
CORN:
The national average corn basis for Tuesday is 89 cents over the September futures, 1 cent stronger than Monday's basis.
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SOYBEANS:
The national average soybean basis for Tuesday is at 29 cents over the August futures, 2 cents stronger than Monday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Tuesday is at 75 cents under the September futures, 1 cent weaker than Monday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Tuesday is at 51 cents under the Kansas City September futures, unchanged from Monday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Tuesday is at 46 cents under the Minneapolis September futures, 1 cent weaker than Monday's basis
Mary Kennedy can be reached at mary.kennedy@dtn.com
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